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Home My WebLink About0230 PRUV~DED, ALWAYS, that i[ tho Murtaa~or ~all psy unto the Mortgagee the indcbtedneee evidenced by a certain promie~ary nate ot ~rhich the (allawin~ in warda ~nd figuree ie a true capy to-wit: ~ f ~ I /II~O~ ~O~i ' I ` j : ~ Miami. Floridz ~ 19 ~ ------~r~--- f4 FOR VALUE RECEIVED Ana ~~.++ra11~ promise to pay f to the order of t'=- P~2 ~L~I 5 " " ~ ' ~ ` the principal surn of_j*~,.^" ~~~x~U 'd"m T`'.'~0 ~.~i~ -DOLI.ARS, together with interest ,s~ ~ ehereon from date at the rate of ten penent. per annum until maturity, both principal and interest being payable in lawful money of the United Statcx at 203 Roper Building, Miami~ Florida, or at such other place as the holders hereof may ~ designace in writing. Principal and inttrest payable in installm~ents as follows: , ~ Fift,y.(t50.00) Dollars psr sronth fnr thirly-fi~a(3`~) oonn~auti~e ¦pnths on the 15th day of esoA at~d eve~y ~onLh~ Dsginnin~ oa t~e 15t~h da~r ot ~ a.nd contlauiRg until the 15th t~s~y of Juw~ 1968s at whiah tis~ th~ ~ a~?, ~965, bslanoe sha11 beac3e~ dus and pa~ye~bl~. ~ ~ "T'his note may be pre~~aicl in ~~•hole or in f~art after one ye.ir (resm the ciate hereoE uNon payrnent of a penalty ; eyuivalent eo t~~o percent ot the principal sum prepaici. ~ Each installment payment shall be credited first on the interest due, and the remainder on ~rin~ipal; and interest ' shall thereupon cease upon the principal so credited. ~ The makers and endorsers of this note furthcr agret to waive demand, notice oE nan-payment and protest, and ~ in the event suit shall be brought for the collection hereof, or the same has to be collected upon demand of an attorney, to pay reasonable attorney's fees for making such collection. f ~ Deferred paymencs herennder shall beu interest at the ratt af een percent. per annum from maturity until pa~ . ~ This note is secured by a martgage af even date herewith and is to be tonstrued and enforced according to the laws ~ of the State of Florida; upon default in the p~yment oE principal and/or interesc when due, the whole sum of principal ; and inceresc remaining unpaid shall, ac the option of the holders, b~comr ixamediacely due and payable. ~ '„nL'~: r~R ~ . '~1 ~1~Sr;:`i (SEAL) ~ :~~'i.'~iTti L. .r.~L:7'~ (SEAL) ~ E anu anati pertorm, compty with and abidc by eaeh and evecy the ~tipulatione, aare,e~ente, conditions and covenanta of naid promiesory- note and of thie deed, t6en thie deed and the estatc thereby created ehall cesee and be nvll and vnid. 1. The Mortgagor hereby eovena~ta and sarreea: t~) To pay all ~nd sin~ul~r the prineipd and interut ~ad other snme ef mooe~ pay.ble by ~irtue of raid promusory note and thi~ E deed, or either, prompdy on tbe da7~ rupecti~ely t6e wme ~ere~all~ beeomea due. i b) To ptrmit, comtnit or s'u~er no wastt atd to maintain tlfe impsovemcnq at sU tima in i state of 6ood r~p~ir i1~ C4Udl[1Y1! ~ and to do or permit to be dor~e to ~sid pnmues nothin tlut wnll ~lter or t6~6e tLe we md ~haraeter oi said propen~ or ie an~ way e impair or weake~ the seenritr of tLis mortaa6e. An~ io eue of tbe nfmsl, nt~lect or iwbiiit~ oi tbe Mertsaao~ te rep~ir ~nd ouiot~in said property, t5e Mon6.6« ~a~~ at his option, make ~ucL repaan or eawe tLe wcut to bt made, aqd ~anee montys in tbrt behalf. (e) To pay all snd ~inaul~r the taxes~ asaessrmtnta, tevia, liabilitiai, and abligrtiam of every osture on ~aid deaeribed pr•~crty ueh and every when due ¦nd pay~ble according to 4w, befare tbty beeome deGoquent, aad to .deliver to tbe Bdort~~ere on or before March 15th of each rear.ux reeeipu evidencin6 the ps~ment all lawfully imposed tazd for the prtctaina taitada~ rar; to indec~nifr the Mort6a6ee upon hie demsnd for all taxes, assessmente aed char6ea that ~ay be ~sseued upon t~u mort~~e en the iadebtedneee sccured hercby, and p~id br the roortgaRee, without re6ard ta wny law berctofore CMtICd or hereafter to be ena~ted imposia6 p~7rmeot of the whule or any part thcreof upon thc t+[ort6s~ee. (d) To pay all wd ~io6ular t6e cwu, char6es aod e:pemee, indudiu~ lawqtn' fed and abstntt corte reasonably incurred or paid at eny time by the Mort6s6ee becauae of the failure on the part of the 4iort~aRor ta perform~ eomply witb ond abide by ach and every tho ~tipulations, a~reemeou, conditions and eovrnante of wid promi~eor7 aote and this deed, or eit6er, and evcry eucL payu~ent ehall bear inte~at frem d~te at the retc of ten per centum per amum. (e) It ia further tovenaated and aEreed br s~id psrtie~ tb~t in the event of a suit bcin6 iAStituted to (Areclose thi~ mortaa6e, tht MoR- sa6ee ehali be entidcd to apply at my time pead~u~ sneh (oreelosure sait to t6e conrt 6avin6 juri~diction e.~en:nf for the ~ppointment of a receiver of all and sin~nlar the mort6a6ed prope~ty, aad of all rerits, incoma, p~OSfi~ IMUb/ ~Od KYCqUti tbtreof, irom rr~teoever eource dcrived; and thereupon it ie hcreby exprdsly covenanted ~nd asreed tLat tLe Court e6~ll forthwith appoint ench rtteive~ with the uauel powere snd duties o( recrivere in like esses; aad said ~p~ointment sbrll be made bl t6e coart as a~sttcr of strict ri~ht to the Mort~see, and wit6out rcfcrence to the adequacy or inadeqaacr oF the vslue of the property hereby n~ors6a6ed, or to the eail~ency or inwlvency of the Mortgagora or any ot6er party defendsnt to surh snit. The ':Kortaa6or htreby speci6callq waiv~s tht riaht tr, object to the appointment of a recei~-er aa atoree~id and 6erebq expreasly conatats that eoch appointment shall be madt at an ~dmitted equity ¦nd ae a matter of absolute riRltt to ~he Mona.6ee ~ad thet the same ma7 be dont without notice to the Mortsa6or. { f) If forecioaure proceedin15s ehould bt inetituted ~pinst tbe propert~ covercd b~ this morl~6e npon eb~ other iicn or claim whether alltaed to be superior or junior to the lien of this mo~tbrae, the MartEr6ee may at hie oplion immediatel~ upon inetitution of euch auit or durinR the pendency thereof deciare this mort6a,~e and tbe indebtednras xcured hereby due and pa~sble forthwith and m~y at ite option procted to forecloee ihie mon6age. ~ (6) That the ~iort6eRor will {~eep ~l1 re~l and ptrsonat prop+erty now or herrefter encumbered by the lien oF thie mortFa6e ineured as mar be requirecl frorr~ time to ti~ne by the Mort6a6ee a6airut lou by Sre, windatorm aod other haz~rds~ caeusltiea and contingeoeica , Por euch perioda and for not lees than auch amounb sa ma7 be rcquired by the Mortaa6ee and to pa7 prompdy when due all premiume for ~uch ineunnce. 'I'he amounts of inaurance reqaired b7 the Mortga~ee ehdl be the miaimum amounte for which eaid ioeurance ehall be written and it ehall be inewnbent npon tht Mott6a6or to maintain euth ~dditiona! ineurance ae ruap be ntctesary to meet and ecmply Fully with atl cainrunnee requiremtnta cnotained in aid palieiea to t}~t eod tl~Lt the eaid ;4lort6asor ie not a co-ineuror thereundrr. Ineurance ehalf be written by a company or companiee approved or desi6nated by the Mort~see and all policiee and renewals thereof ahall be held by the Mortsa6ee. A? deuiled ddiaoatiod br the Mortgi~or which art acce ted by the Mort~aset ~~d all agrec.ruente oa between Mort~gor and Mort6egee rclating ta imunnee, now ezietin6 or heredter made~ ehe I be in wriun~ and ehall be a part of thie mort6s6c aBrcemont as ~ully u~ thou~h set forth vcrbatim herein and e6aA 6ovcra bot6 paRics hereto and thcir mcceesors ¦nd aseiFne. tio lien upon ~ny oF eaid poliriea of ineurance or upon an~ reFund or return premium which may be pay:ble oo the cancellation or termination thereof, ~hall be ~iven to other than tbe Mort~raee, eacept by~ proper endoreement affixed to Kuch polic7~ and ipproved by itortRa6ee. Each poliey of inaurancs ehall haxe aR'ixed thereto • Standard New York Mort6aaee Cl~uae withoat CootrYbution, ma~inR all loa or losea ander euch polic~ paysble ta ihe Mort~a6ce as ib inter~cst ~ay appeaa In the event any 6um ot tum~ of monty br.romc payable thtreunder the MongsRee shall have the option to reeei~r ~nd apply thc eame an account of Lhe ~ndebtednesa hereby eecur~d~ or to petmit t6e Mort~a6or to rective ¦nd we it, or sny p~rt tbvr.of, withont t6erebq waivin6 or impairin6 sny equity, t'een~ or riRht under ¦nd by virtoe of thie mortga~e. I~i event oE low or pb~sical darus6e to the mortRa~ed propetty the !4fiortRaaor ehall Rev~ imme- diatc nutiee thsrcof br mail to the Mort6agee md the ttilort6aEee ro~y mske prooE of 19es if the eamt it not m~de prvmptly by the n ` ^ ~ r~ i 6GuK .~..1~3 .f., . - ~ .